Solana declined below $ 146 before the first US -based Stinging ETF launch
Solana price fell by 7.84 %before the first US -based ETF launch that offers Stinging Awards and went down to $ 145. ETF will actively stake 50 %of its left assets. Technical analysis shows that there is support at $ 146.55.
Left price fell hard before the ETF launch: SEPARATED SUBJECT OF 146 DOLLARS
Solana (left) faced a serious sales pressure in the USA. As of July 1, the left, which lost 7.84 %in the 24 -hour period, recorded the lowest level of $ 145.08 in the day.
Despite the decline, the high -volume support of $ 146.55 points to the fact that some investors purchase from the bottom before the launch.
A first in the USA: Stinging Award -winning Solana ETF is coming
Rex-Oosprey Sol + Stinging ETF (SSK), which will begin to be traded on July 2, 2025, is the first ETF to offer direct exposure to Solana’s local tokens in the USA. This ETF was structured not only for price tracking, but also to distribute Stinging prizes to passive investors.
Structural Features of the Fund:
Approximately 80 %of ETF assets will be left.
Approximately 50 %of these left assets will be actively stacked.
The Fund was founded within the framework of 1940 Investment Company ACT. This structure is considered more robust in terms of investor protection and can provide advantages in SEC approval processes.
Experts think that this ETF will make Solana more reliable for US institutional investors.
Technical Analysis Summary: Purchase zones appear while sales pressure continues
The left price decreased from $ 157.42 to $ 145.08 in 24 hours and a decrease of $ 12.34.
While the most intensive sales pressure was seen in the morning, the largest transactions with a volume of 1.57 million units took place at 06:00 UTC.
The $ 146,55 level was the strongest support point during the day. Interest in this region strengthens the likelihood of accumulation.
The descending channel formation was seen throughout the day: lower peaks and lower bottoms show that technical weakness continues.
Why is the market reacted?
The fall of the left shows that the market is cautious despite the ETF’s announcement. While only 0.24 %decreased in the crypto market, it is noteworthy that the left suffers nearly 8 %.
According to experts, although the ETF is not expected to move the price up in the short term, it may be a turning point for long -term corporate adoption. Giants such as Grayscale, Vaneck and Bitwise are also preparing for similar left ETF applications.
